575 Shore Dr, Miramar Beach
Walton County Real Estate - Miramar Beach
Miramar Beach is in North West Florida. It's population as recorded in the 2010 Census was 6,146. Miramar Beach is approximately 51 miles from Pensacola (population 51,923) and around 44 miles from Panama City (population 36,484).
The median age for residents of Miramar Beach is 52.1. Around 16.1% of Miramar Beach households include school aged children and 37.4% of households include individuals aged 65 years or over. Census records indicate 93.8% of the Miramar Beach population are White, 1.1% are Black or African American, .3% American Indian, 1.7% Asian and 1.5% are Two or more Races.
There are 12,385 housing units in Miramar Beach. 9,383 (75.7%) of these were reported as vacant in the 2010 Census. Miramar Beach is a tourist destination, 75.4% (7,079) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,763 residential rental units in Miramar Beach. 929 of them were occupied in 2010 providing a residential rental vacancy rate of 64.2%.
Miramar Beach links:
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Walton County
Walton County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Largest industries by employment are leisure & hospitality; trade, transportation, & utility; and education & health services. Major private sector employers for Walton County are Sandestin Golf and Beach Resort, Sacred Heart on the Emerald Coast, ResortQuest, and Hilton Sandestin Beach Golf Resort & Spa. Top public sector employers include Walton County School Board and Walton County Government. Cities and towns in Walton County include DeFuniak Springs, Freeport, and Paxton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| Shore Dr | Vacant Residential | 0 | L | |
| 563 Shore Dr | Single Family | 2,625 | B |
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| 952 Forest Shore Dr | Single Family | 1,619 | B |
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| 615 Shore Dr | Single Family | 2,653 | B |
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| 898 Forest Shores Dr | Single Family | 2,757 | B |
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| 547 Shore Dr | Single Family | 1,920 | B |
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| 968 Forest Shore Dr | Single Family | 2,647 | B |
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| 582 Shore Dr | Single Family | 2,024 | B |
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| 988 Forest Shore Dr | Single Family | 3,161 | B |
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| 523 Shore Dr | Single Family | 2,189 | B |
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| 929 Forest Shore Dr | Single Family | 2,005 | B |
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| 608 Shore Dr | Single Family | 3,802 | B |
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| 965 Forest Shore Dr | Single Family | 2,610 | B |
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| 913 Forest Shore Dr | Single Family | 2,194 | B |
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| 870 Forest Shore Dr | Single Family | 1,982 | B |
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| 899 Forest Shore Dr | Single Family | 2,116 | B |
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| 620 Shore Dr | Single Family | 2,181 | B |
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| 1006 Forest Shore Dr | Single Family | 2,116 | B |
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| 889 Forest Shore Dr | Single Family | 2,455 | B |
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| 638 Shore Dr | Single Family | 3,269 | B |
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| 510 Shore Dr | Single Family | 1,690 | B |
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| 850 Forest Shore Dr | Single Family | 1,742 | B |
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| 271 Long Lake Dr | Single Family | 1,972 | B |
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| 261 Long Lake Dr | Single Family | 2,876 | B |
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| 1026 Forest Shore Dr | Single Family | 1,954 | B |
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| 683 Shore Dr | Single Family | 2,406 | B |
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| 1009 Forest Shore Dr | Single Family | 2,071 | B |
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Local Household Income
The median household income in this part of Florida is $50,843. The bottom 10% of the population earn less than $15,071 per year. The top 10% earn more than $118,419 per year. The top 1% earn more than $409,192 per year. Most renters earn between $20,136 (20th percentile) and $39,888 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $101,686 and $127,108.
The tax assessed value of this property places it in percentile 76 of all properties in this area. This suggests it would appeal to someone earning around $81,310 per year who should qualify for a mortgage between $162,620 and $203,275.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $744. Most renters earn between $1,678 and $3,324 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $486 (20th percentile) to $1,034 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 76 of all properties in this area. This corresponds to a rent of $977 per month and a monthly household income of $3,156 ($37,872 per year)
Nearby Companies
638 Shore Dr
620 Shore Dr
620 Shore Dr
913 Forest Shore Dr
582 Shore Dr
845 Forest Shore Dr
845 Forest Shore Dr
845 Forest Shore Dr